- CCC-rated US corporate bond spreads breached 1,000 basis points over Treasuries, the first time above that threshold since the 2023 regional banking crisis.
- A 1,000bp risk premium typically implies a high probability of default, restructuring or loss for the issuers carrying it.
- The move marks the bottom tier of the US high-yield market turning distressed, a credit-market signal that outlives the single session.
引述
“The spread on the riskiest US corporate bonds has jumped above 1,000 basis points over Treasuries for the first time since the regional banking crisis in 2023.”
“That level of risk premium typically implies high probability of default, restructuring or loss.”